Nov 1, 2013 12:00am PDT
given up on the country immigrating. so being, coming, having gone through that, which was caused by so badly mistaken government policies in terms of public spending, they spent everything. they put on huge debt. they build massive white elephants. and so they squandered a good part of our oil riches and that's what led us to that decline. >> rose: you're in the sofa business too. >> yes. we have to compete. >> rose: with carlos slim. >> he bought the government monopoly. what they call the ppt the whole thing. they had local phone, long distance phones, mobile phones, all kinds of links. everything was monopolized by the government. and this also was put to sale by salinas. and that was good. but the bad thing was they put it for sale as a monopoly. so it became from a private -- from a public monopoly it became a private monopoly. and very well run i have to say. >> rose: by carlos salinas. >> yes. they did what they had to do. and they became a hugely successful private monopoly. >> rose: are you friendly rivals. >> well i respect him a lot and we used to be closer. >> rose: what
Oct 30, 2013 11:00pm EDT
parties pander to them because of immigration or on business or whatever. >> rose: nationalistic issues. >> exactly. >> i think exact you, a actually you are right but i woul would d another point, not just economies are not growing fast enough and slow growth it is the political economy of slow growth at a time when inequality is widening and there is the gains from the growth there is overwhelmingly to few people so for the very person in a lot of the rich world, the stagnating or even falling, that is just not a sustainable situation for years and years and year in a democracy. >> rose: yes. a lot of politicians have dealt careers on making scapegoats of the dispossessed in an economic downturn. >> he has written a book called the last vote in democracy is in trouble. that is a big problem. >> rose: i will let him tell me what is the theme of the book. >> you have the two threats, the bottom up one people are dissatisfied with politicians and ratings of congress, for example, they vote less and vote for extremists more and then the second element is the top down one which is t
Nov 5, 2013 12:00am PST
don't fully see it as closely as i do, but the immigration bill should be part of this, because that is a growth creator. >> rose: the president obviously has said that he wants to turn his attention to immigration reform. >> yes. >> rose: that is the next thing, as soon as he gets past all the budgetary issues he wants to turn to immigration -- >> hopefully he will do them simultaneously. >> rose: what is the likelihood of getting -- >> good, i would say in one year we would have a savings of $150 billion, deficit reduction $150 billion, over ten years nearly a trillion-dollar reduction in the deficit, so this is -- it is not only stimulating in terms of job creation and injecting demand into the economy, but it has a fiscal impact as well. and so you have to think entrepreneurially about the budget. you can't think and say well we are going to cut, therefore we are going to reduce the deficit, you cut education in our country you will increase the deficit. you cut investments in veins in our country, you will increase the deficit and lower our competitiveness internationally.